Many new crypto investors have seen the astounding rally of $PEPE and want to be involved in the crypto space. Tron (TRX), Shiba Inu (SHIB), and Collateral Network (COLT) are the best beginner cryptos to buy. All possess solid use cases that will power future growth, and they are far more reliable long-term holds than $PEPE, which could crash at any moment when large bag holders decide to dump their holdings.
Collateral Network (COLT) Leading Real-World Asset Narrative
The real-world asset narrative seeks to bring trillions of dollars worth of tangible assets on-chain into DeFi. This will broaden DeFi’s user base and increase its utility to the larger financial system. Collateral Network (COLT) is the world’s first decentralized lending protocol for off-chain assets. The protocol allows owners to collateralize tangible assets and unlock on-chain liquidity.
This breakthrough blends blockchain technology and the fundamentals of asset-backed lending, an industry worth trillions of dollars annually. Collateral Network (COLT) employs a hybrid infrastructure model with a physical safe location where assets are stored and then a unique NFT 100% backed by the asset on-chain.
Asset owners can use the minted NFT to access global liquidity pools while retaining ownership of their assets and the benefits of price appreciation. The asset is returned when the loan is repaid, and the NFT is burnt.
Collateral Network (COLT) makes an excellent crypto for beginners, given its position in the market, allowing them to take advantage of one of the most potent growth narratives in DeFi. With price predictions for $COLT to surge by more than 3,500% in the following weeks, it makes a perfect and profitable project for beginners.
Tron (TRX) Adoption Continues
Tron (TRX) is a layer one blockchain that has reached record levels of adoption across the developing world thanks to its extremely low transaction fees. Tron (TRX) uses a delegated Proof of Stake (dPoS) consensus mechanism, which can handle up to 2,000 transactions per second, and this basic layer one is ideal for crypto beginners.
Tron’s (TRX) native stablecoin USDD has continued to increase its market cap, and the total volume of USDT stored on the Tron (TRX) network also steadily climbs. Investors holding stablecoins on the network point to long-term faith and the desire to trade and swap within Tron’s (TRX) ecosystem.
Price predictions for Tron (TRX) forecast a range between $0.13 and $0.16 in 2024. As the banking crisis continues, more funds may move on-chain, and Tron (TRX) could be a significant beneficiary of this capital inflow.
Shiba Inu (SHIB) Bringing Utility to Memecoins
Huobi exchange recently listed BONE, one of the core tokens of the Shiba Inu (SHIB) ecosystem, bringing a nice boost of liquidity to ShibaSwap- the decentralized exchange of the Shiba Inu (SHIB) ecosystem.
Shiba Inu (SHIB) is one of crypto’s most famous memecoins, but what differentiates SHIB from other memecoins is its focus on building real utility for the project, such as the layer two scaling solution Shibarium. This allows holders of Shiba Inu to trade with reduced fees, and this strategy of providing utility and value makes Shiba Inu (SHIB) perfect for beginners.
Analysts expect Shiba Inu (SHIB) to trade between $0.00001889 and $0.0002220 in 2024. They cited the massive burning program reducing Shiba Inu’s (SHIB) total supply as a favorable price catalyst.
Find out more about the Collateral Network presale here:
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